China eyes broader global access to yuan assets, as panda bond demand surges

Officials from China’s central bank have pledged to introduce further measures to make it easier for global investors to access yuan-denominated assets, as Beijing views the recent appreciation of the yuan and surge in demand for panda bonds as reflecting rising global recognition of the Chinese currency. Speaking at a press conference on Wednesday, officials highlighted the yuan’s strong performance in the first half of the year despite a volatile global economic landscape. The currency...